A diligent purchaser should have the contract of employment of each employee reviewed prior to transfer. They should also see if the employee is a good match for their organisation. A clear list of assets being transferred at the outset in the contract of sale can prevent any disagreements from arising at settlement. A purchaser should always do their own checks and research into the business they are enquiring and not rely on the representations made by the vendor or their business broker. Getting legal and financial advice at the outset of the transaction can help establish your business structures in the most advantageous way.
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